China's APT export prices trend upward, but logistics concerns cloud market

Exporters of ammonium paratungstate (APT) in China have raised their offers amid a strengthening domestic market, though concerns over logistics as a result of the approaching Chinese New Year is sapping their interest to trade.

Fastmarkets' weekly price assessment for tungsten APT 88.5% WO3 min, fob main ports China was $238-243 per metric tonne unit (mtu) on Wednesday January 20, up by $2-3 per mtu (1.1%) from $236-240 per mtu a week earlier.
Sources told Fastmarkets that domestic prices for APT had risen to around 135,000-136,000 yuan ($20,867-21,022) per tonne in the past week, compared with 133,000-135,000 yuan per tonne a week earlier.
"[The domestic] APT market is experiencing tight supply because APT refineries have their suspended operations.

"The market is confident that APT prices will continue to move up after the...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain